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Hacks, exploits cause over $100 mn in crypto losses in April: Report

Hacks, exploits cause over $100 mn in crypto losses in April: Report

by AIP Online Bureau | May 5, 2023 | Data, Eco/Invest/Demography, Risk Management, Technology, Wealth Management/ Philanthropy

According to the blockchain and smart contract security company CertiK, the total funds hackers managed to drain in April from crypto projects was $103.7 million, bringing the total year-to-date loss to $429.7 million New Delhi: More than $100 million worth of...
India calls for global coordination to effectively regulate cryptocurrency

India calls for global coordination to effectively regulate cryptocurrency

by AIP Online Bureau | Apr 25, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology, Wealth Management/ Philanthropy

Nirmala Sitharaman,Union Finance Minister “The underlying principle is because the digital currencies are completely digitalised and technology-driven, the technology, which is very distributed, and sometimes identity is very difficult to be established, but...
U.S. SEC sees decentralized crypto platforms as exchanges, seeks public input

U.S. SEC sees decentralized crypto platforms as exchanges, seeks public input

by AIP Online Bureau | Apr 19, 2023 | Eco/Invest/Demography, International News, Regulation, Technology, Wealth Management/ Philanthropy

The SEC voted 3-2 to take additional comments from the public after crypto firms criticized the plan as vague and aimed at roping in decentralized finance platforms, also known as DeFi platforms that would otherwise not be subject to the regulator’s oversight...
Money laundering rules to apply to crypto trade – gov’t notification

Money laundering rules to apply to crypto trade – gov’t notification

by AIP Online Bureau | Mar 8, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

Extending India’s money laundering rules to cryptocurrencies will give authorities greater authority in monitoring the transfer of these assets beyond the country’s borders MUMBAI: India’s money laundering laws will apply to trade in...

Visa and Mastercard slow down on plans to forge new partnerships with crypto firms

by AIP Online Bureau | Mar 1, 2023 | Eco/Invest/Demography, International News, Risk Management, Technology

The crypto industry saw a stunning reversal of fortunes in 2022 as bankruptcies of industry majors FTX and BlockFi rattled investors and increased regulatory scrutiny on the sector “Recent high-profile failures in the crypto sector are an important reminder that we...
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